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Hindustan Motors Sells Ambassador to Peugeot
The iconic Indian car brand, Ambassador that carried both the Prime Minister and the common man has been sold to French carmaker Peugeot. The deal has been finalized in Rs 80 crores. Hindustan Motors, the manufacturers of Ambassador is owned by the C K Birla Group. In 1960s and 70s, Ambassador was an inseparable part of India's urban landscape. Let's have a look on more details about this deal.
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